Rundle, Calgary - August 2026 Real Estate Report

Rundle, Calgary Real Talk: Your Home Is Probably Worth Less Than the City Thinks

If you've been glancing at your latest city assessment and feeling pretty good about your property value, here's a reality check worth reading. The numbers on the ground in Rundle right now tell a slightly different story - and knowing the difference could save you from a costly mistake this summer.

The Vibe: What's Actually Happening in Rundle Right Now

Houses - Steady, But Buyers Are Holding the Cards

We're in a stable buyers' market for houses right now, and the data backs that up. Homes are sitting on the market for an average of 53 days, and buyers are landing deals at about 93% of the asking price. That means if a house is listed at $600,000, the real conversation is happening closer to $560,000.

• Average sale price: $593,114
• Average list price this month: $599,999
• Price per square foot: $480
• Properties sold last period: 7
• Average days on market: 53
• Sale-to-list ratio: 93.33%
• Predicted market value: $538,750
• 3-month moving average: $540,151
• Estimated monthly rent: $2,687
• Rental yield: 5.56%

That 5.56% rental yield is genuinely strong. If you own a house in Rundle and you're not living in it, renting it out at the estimated $2,687 per month is a solid play right now. The house side of our market isn't crashing - it's just taking a breather. Values are down 0.45% recently, and the predicted value of $538,750 is drifting slightly below the 3-month average of $540,151. Nothing alarming, but not a number to ignore either.

On the neighbourhood leaderboard, Rundle houses rank 121 out of 236 Calgary neighbourhoods for growth - right in the middle of the pack. Days-on-market ranks 50 out of 77, which means we're on the slower end for selling speed. Price ranks 174 out of 220, so we're below average on price compared to the rest of the city. Honest? Yes. Surprising? Not really for a mature northeast neighbourhood.

Condos - Fast to Sell, But Values Are Sliding

The condo picture in Rundle is more complicated. On one hand, condos are moving faster - just 28 days on market compared to 53 for houses. On the other hand, condo values have dropped 6.60% recently, and the growth rank sits at 206 out of 216 neighbourhoods. That puts us near the bottom of the Calgary leaderboard for condo growth, and that's a number worth paying attention to.

• Average sale price: $320,000
• Average list price this month: $233,900
• Price per square foot: $393
• Properties sold last period: 1
• Average days on market: 28
• Sale-to-list ratio: 95.03%
• Predicted market value: $721,869
• 3-month moving average: $739,710
• Estimated monthly rent: $2,286
• Rental yield: 4.02%
• Year-over-year neighbourhood growth: 0.10%

One sale in the last period makes it hard to call a trend, so take the condo data with some caution. What we can say is that the predicted value of $721,869 is well above the average sale price of $320,000 - a gap that suggests the condo segment here is thin on transactions and hard to pin down. The 4.02% rental yield is moderate but not as compelling as the house side.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about your city assessment - it's a snapshot from months ago, built on a formula that doesn't know what's happening on your street this week. The HonestDoor Price is updated in real time using actual market signals. And right now, those two numbers are telling very different stories in Rundle.

For houses, the average city assessment sits at $550,258. The HonestDoor Price is $532,181 - that's 3.29% lower than what the city has on file, and it's down another 1.22% from the previous period. If you're planning to sell based on what the assessment says, you could be pricing yourself out of a market where buyers are already negotiating down to 93 cents on the dollar.

For condos, the gap is even more striking. The average assessed value is $304,271, while the HonestDoor Price comes in at $675,634. That's a 122% difference. With condo values sliding 6.60% recently and the growth rank near the bottom of the city, the HonestDoor Price gives you the real-world check you need before making any decisions.

Bottom line: your tax assessment tells you what the city thought your home was worth months ago. Your HonestDoor Price tells you what the market thinks today. In a shifting market, that difference is money.

The "So What?" - Thinking About Selling This Summer?

If you're a Rundle homeowner eyeing a summer sale, here's the straight talk.

For house sellers, the market is active enough - 98 total property transactions in 2026 across the neighbourhood, and Rundle ranks 45th in Calgary for total transaction volume. That's real activity. But with homes sitting 53 days on average and buyers paying below list, your pricing strategy matters more than ever. Come in sharp, not hopeful. Nearby Sunridge is pulling higher predicted values at $555,461 for houses, so buyers have options close by.

For condo sellers, the urgency is higher. Values are sliding, the growth rank is near the bottom of the city, and there's only been one sale in the recent period. That's a thin market. If you're thinking about selling, sooner is probably better than later while the HonestDoor Price is still reflecting a strong predicted value. Waiting for the market to turn around without a clear catalyst is a gamble.

For everyone in Rundle - house or condo owner - the single best move you can make right now is to check your HonestDoor Price. It's free, it's current, and it's the number that actually reflects what a buyer would pay today. Not what the city assessed last year. Not what your neighbour thinks. What the market is actually doing - right now, on your street.

• Rundle house HonestDoor Price: $532,181 (down 1.22%)
• Rundle condo HonestDoor Price: $675,634 (down 6.40%)
• Average rental estimate - houses: $2,658 per month
• Average rental estimate - condos: $2,225 per month
• Total transactions in 2026: 98 (ranked 45th in Calgary)
• Total properties assessed: 2,484 houses, 485 condos

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.